Child Development Resources Of Ventura County Inc
- Assets
- $36.7m
- Revenue
- $87.6m
- Investments
- $0.0
- Employees
- 450
- Location
- Oxnard, CA
- Founding
- 05/1975
- Data as of
- 06/2024
- EIN
- 95-3543275
Organization Overview
Child Development Resources Of Ventura County Inc is located in Oxnard, CA. The organization was established in 1975. As of 06/2024, Child Development Resources Of Ventura County Inc employed 450 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Child Development Resources Of Ventura County Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Child Development Resources Of Ventura County Inc generated $87.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $87.4m during the year ending 06/2024. While expenses have increased by 10.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE EDUCATIONAL OPPORTUNITIES FOR PRESCHOOL CHILDREN FROM LOW-INCOME FAMILIES; TO PROVIDE ALTERNATIVES IN CHILDCARE FOR CHILDREN OF LOW-INCOME FAMILIES; AND TO FOSTER AND ASSIST COMMUNITY INTEREST IN QUALITY CHILDCARE AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSIDIZED CHILD CARE PROGRAMS: OPERATES A COUNTY-WIDE PROGRAM OF SERVICES FOR LOW INCOME CHILDREN AND FAMILIES, INCLUDING SUBSIDIES FOR CHILD CARE SERVICES FOR 3,365 FAMILIES AND 5,758 CHILDREN. STAFF HANDLED 3,939 TECHNICAL ASSISTANCE CALLS TO PROVIDERS AND PROVIDED COMMUNITY OUTREACH ACTIVITIES INCLUDING TRAINING, WORKSHOPS, SITE VISITS AND LICENSING ORIENTATION TO APPROXIMATELY 1,464 PROVIDERS.
HEAD START AND PRESCHOOL: OPERATES A COUNTY-WIDE PROGRAM THAT PROVIDES A COMPREHENSIVE PRESCHOOL PROGRAM TO 1,537 CHILDREN AND FAMILIES INCLUDING THE CHILD CARE FOOD PROGRAM, PARENT INVOLVEMENT AND MENTAL AND SOCIAL SERVICES FUNDED BY HEAD START AND EARLY HEAD START AND STATE PRESCHOOL FUNDS.
RESOURCE AND REFERRAL AND OTHER CDSS PROGRAMS: OPERATES A GROUP OF SPECIAL AND DIRECT PROJECTS WITHIN VENTURA COUNTY, INCLUDING RECRUITMENT AND TRAINING OF CHILD CARE PROVIDERS, CONSUMER EDUCATION FOR WORKING PARENTS, AND INTERVENTION SERVICES FOR AT-RISK PREGNANCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Hinojosa CEO | Officer | 35.1 | $211,750 |
Suzanne Godinez Director Of Early Child Care | 39.23 | $205,187 | |
Alec Hairabedian CFO | Officer | 36.13 | $194,515 |
Stuart Orlinsky Program Operations Analysis Ofc | 34.32 | $172,824 | |
Joe Jimenez Curiel Hr Director | 36.75 | $165,328 | |
Alexander Solis It Systems Mgr | 34.77 | $147,106 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kindercare Learning Center Llc Provider | 6/29/24 | $1,785,695 |
Tutor Time Child Care Learning Provider | 6/29/24 | $1,126,784 |
Pacific Camps Provider | 6/29/24 | $1,056,520 |
Childtime Childcare Inc Provider | 6/29/24 | $1,241,087 |
Abc Preschool & Childcare Provider | 6/29/24 | $773,827 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,129,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $722,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,851,727 |
| Total Program Service Revenue | $214,135 |
| Investment income | $164,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,642,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,380,326 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $454,251 |
| Compensation of current officers, directors, key employees. | $454,251 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,951,646 |
| Pension plan accruals and contributions | $1,628,977 |
| Other employee benefits | $3,340,241 |
| Payroll taxes | $2,005,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55 |
| Fees for services: Accounting | $37,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,931,517 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,467,590 |
| Travel | $227,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $212,527 |
| All other expenses | $436,520 |
| Total functional expenses | $87,363,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,298,809 |
| Savings and temporary cash investments | $2,418,143 |
| Pledges and grants receivable | $2,433,373 |
| Accounts receivable, net | $346,969 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $464,814 |
| Net Land, buildings, and equipment | $2,636,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,060,719 |
| Total assets | $36,659,088 |
| Accounts payable and accrued expenses | $7,571,402 |
| Grants payable | $8,149,117 |
| Deferred revenue | $289,920 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,588,722 |
| Total liabilities | $33,599,161 |
| Net assets without donor restrictions | $3,059,927 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,659,088 |